Description

This Element is an excerpt from The Simple Dollar: How One Man Wiped Out His Debts and Achieved the Life of His Dreams (9780137054251) by Trent Hamm. Available in print and digital formats.

How three years of focused debt repayment transformed Trent Hamm’s life–and how you can do it, too.

Your greatest personal freedom comes when you get rid of your debts–all of them. It sounds impossible. But in about three years, we paid off $48,000, and our financial status became so secure that I could walk away from my full-time job and follow my dream of being a full-time writer. Three years of focused debt repayment transformed our lives. Here’s how we did it…